Video: Which sectors will benefit from the growing trade between China and UAE

Thu 26 Jul 2018 10:24 AM GST

Trade between China and the UAE is forecast to grow from $53.4bn in 2017 to $70bn by 2020 as the Asian country tops a list of targets for UAE investors.

The UAE International Investors Council says hundreds of UAE companies are currently operating in China across various sectors including trade and industry, renewable energy, health and financial services.

But China also takes the top position when it comes to UAE investment interest, the Council's secretary-general Jamal Saif Al Jarwan said in comments published by state news agency WAM.

He said that Chinese President Xi Jinping's recent visit to the UAE highlights the strategic partnership between the two countries, based on the mutual trust, transparency and innovative capabilities to maximise economic growth.

"This state visit is historic in all respects," said Al Jarwan, adding that it provides the two countries with an opportunity to integrate and maximise on opportunities.

In this edition of Inside AB, Shayan Shakeel and Bernd Debusmann look at what sectors will grow as the two countries work toward increasing their mutual interests in the Gulf.